Turkcell revenues jump 25.7% in Q3

27 Oct 2017

Turkish telecoms group Turkcell reports that its consolidated turnover rose by 25.7% year-on-year in the quarter ended 30 September 2017 to TRY4.6 billion (USD1.2 billion), which it says was mainly driven by customer base expansion and ‘solid ARPU performance’ of its domestic division, on the back of strong data and digital services growth.

Revenues in Turkey accounted for 88% of third-quarter 2017 group revenues, growing by 23.5% to TRY4.0 billion (up from TRY3.3 billion in 3Q16), as Turkish mobile data revenues climbed 12.7% y-o-y to TRY1.6 billion (from TRY1.4 billion) on rising smartphone penetration, greater volume of data users and higher per-user data consumption. Turkish fixed data revenues (at Turkcell Superonline) rose by 26.6% y-o-y to TRY341 million in Q3 2017 driven by an expanding customer base, increased share of multi-play customers with TV, and upward price adjustments. Turkcell’s digital services revenues in Turkey grew by 174.9% to TRY750 million in July-September 2017 mainly from its ‘TV+’ app, digital publishing service ‘Dergilik’, music platform ‘fizy’, personal cloud service ‘lifebox’ and other mobile services.

Group EBITDA rose by 34.1% year-on-year in 3Q17 to TRY1.6 billion, with 89.5% of EBITDA accounted for by Turkish operations, and quarterly net income rose 3.7 times y-o-y to TRY601 million helped by cost control measures and the negative impact in 3Q16 of a TRY138 million provision booked to benefit from a tax amnesty.

Turkcell’s reported total group subscribers grew 3.2% y-o-y, but fell 0.2% quarter-on-quarter, to 51.3 million at 30 September 2017, including 37.2 million Turkish mobile, broadband and IPTV subscriptions (up 6.9% y-o-y), 11.7 million registered mobile SIMs in Ukraine (down 6.4% y-o-y), 1.6 million mobile subscribers in Belarus (static y-o-y), half a million mobile users in Northern Cyprus (static) and around 300,000 MVNO accounts in Germany (static).

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